Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
Category : Search result: IBC
ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases
Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
Bank Chiefs to Monitor Top NCLT Cases Personally
Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.
Govt mulls tower-level insolvency for homebuyers
Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.
IBBI's New Valuation Format Aims to Cut Litigation
IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.
SC Reserves Verdict on Aircel, RCom Spectrum Insolvency
Supreme Court concludes hearing on whether telecom spectrum can be sold under IBC. The verdict will impact lenders' dues recovery and set a precedent for future cases. Read more.
SBI, Govt Clash in SC Over Spectrum Sale in Insolvency
State Bank of India argues spectrum can be sold under insolvency to recover dues, while government maintains it belongs to the state. Supreme Court hearing continues.
ICAI Proposes IBC Reforms to Parliament Panel
The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.
Environment Clearance Shield for Stressed Assets Approved
In a landmark move to boost India's ease of business, the government has approved a mechanism protecting environment clearances during NCLT-led insolvency, preventing stressed projects from restarting approval processes.
Jaypee Insolvency: Billionaire Bidders Must Show Money
Adani, Vedanta, Dalmia, and Jindal Power face off in Jaypee Group's resolution process as NCLT demands concrete proof of funding capabilities. Get exclusive insights into India's biggest corporate insolvency showdown.
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